Ready to Retire? It’s Not Too Late to Convert to a Roth IRA

Thinking about retirement and wondering if a Roth IRA conversion still makes sense? Even if you're nearing retirement, it's not too late to consider this move. Converting pre-tax funds to a Roth IRA means you'll pay taxes as ordinary income for that year, but the long-term benefits can be significant: tax-free growth, tax-free withdrawals, no required minimum distributions, and more control over your tax bracket. If you do convert, remember that the five-year rule applies for each conversion. With over 30 years helping clients navigate retirement strategies—especially around annuities and universal life—I know how important it is to understand your options.